How to secure $1m investment for your fintech startup

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African fintech startups have been invited to apply for the Global Startup Challenge, which is running a fintech vertical offering a prize of US$1 million in funding.

The Global Startup Challenge, run by Edge 196, takes place via 26 clusters across the world and covers 196 countries, with applications for the fintech vertical closing next month.

There are three African clusters, in Johannesburg, Nairobi and Lagos, with three winning startups from each to be given the opportunity to pitch online.

One startup from each global cluster will then take part in an accelerator programme run by Edge 196 partners in Canada, India, the United Kingdom (UK) or the United States (US), with each company also receiving US$50,000 in funding. One winning startup will be awarded the US$1 million funding.

Startups applying for the Global Startup Challenge fintech vertical must be less than three years old, have at least a working prototype and have the potential to scale across the world.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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